2200-2290 Bristol RdBensalem, PA 19020
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- Grocery-anchored shopping center with ShopRite and CVS representing 93% of the center.
- ShopRite, a market leader in Philadelphia, has operated in this center since 1999, recently extending its lease by 10 years and investing $2.5 million in capital improvements. Rent increases are scheduled every 5 years.
- CVS Pharmacy (NYSE: CVS, S&P: BBB Investment Grade) operates over 9,000 locations nationwide and has been in this center since 1999, recently extending its lease by 10 years. The location offers an ideal drive-through setup.
- 100% national tenants including ShopRite, CVS, Verizon, and T-Mobile (cell tower).
- Attractive in-place non-recourse life insurance debt with a 3.50% interest rate, 51% LTV, maturing August 2030.
- Below replacement cost at $199 per square foot.
Property Details for 2200-2290 Bristol Rd
- Property type
- Other retail properties, Individual retail properties
- Square Feet
- 67,215 SF
- Year Built
- 1999
- Lot Size (sq. ft)
- 408,593 SF
Location Insight
- City
- Bensalem
- County
- Bucks
- State
- Pennsylvania
- Latitude
- 40.130155045304
- Longitude
- -74.92385798478
Nearby Similar for Sale
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